Firm Profiles
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IN-DEPTH RESEARCH REPORT
on Chadbourne & Parke LLP
- - Financial Information
- - Compensation
- - Billing Rates
- - Lateral Partner Moves
- - Pro bono
- - Key Contacts
Chadbourne & Parke
- Designation: New York
- Head Count:
- Gross Revenues:
- Revenue Per Lawyer:
- Profits Per Partner:
- Year Over Year Change: N/A
One of the old–line New York firms—it goes back to 1902—Chadbourne & Parke boasts well–regarded practices in corporate finance, litigation and arbitration, intellectual property, energy, project finance, and mergers and acquisition (particularly of the cross–border type). It is also one of those firms whose relatively low Am Law 100 rank by revenues doesn’t tell the full story. Chadbourne & Park rates far higher—closer to the middle of the pack—on profits per partner (well over $1 million), and average compensation per partner. Helping these figures, of course, is Chadbourne’s relatively small cadre of equity partners—around 80 in all.
Chadbourne did get hit during the economic downturn—revenues seesawed and some two dozen associates were laid off in March 2009. But it didn’t see the dramatic drops some of its Manhattan–based peers saw, and by the end of 2011, both revenue per lawyer and profits per partner were at firm highs.
The firm has also seen success in its diversity efforts. With about 18 percent of its U.S.–based lawyers—and nearly 10 percent of its U.S. partners—identifying themselves as minorities, Chadbourne placed twenty–eighth of 194 firms on The American Lawyer’s 2011 Diversity Scorecard. On the pro bono front the firm counts up to 100 hours toward an associate’s billable hour tally—a policy that has helped Chadbourne earn above–average marks on our pro bono surveys (it finished seventy–fourth of 200 firms in 2011, with lawyers averaging more than 53 hours).
Chadbourne may not have the dozens of offices some of its rivals do, but its footprint has been growing. New offices in Mexico City (2008) and São Paulo, Brazil (2010) are intended to boost Chadbourne’s presence in Latin America—in energy, project finance, M&A, and corporate finance work, in particular. Across the globe, the firm added a Dubai office in 2007 (again, focusing on energy, project finance, and cross–border transactions), an Istanbul office in 2011, and has other outposts in Moscow, Warsaw, and Kiev. And, of course, in Beijing—because you can’t be a major player in New York these days without looking toward China.
—Updated 1/1/12
Firm Rankings
| Survey | Rank | Year Over Year Change | Description |
|---|---|---|---|
| Am Law 100 | NR | N/A | Gross revenue |
| Am Law 200 | N/A | Gross revenue | |
| NLJ 250 | 110 | 3 | Lawyer head count |
| The A-List | NR | N/A | Overall excellence |
| Pro Bono Scorecard | 74 | 15 | Pro-bono commitment |
| Diversity Scorecard | 29 | 1 | Minority head count |
| Midlevel Associates Survey | NR | N/A | Job satisfaction |
| Summer Associates Survey | 108 | 10 | Summer programs |
In the News
Perkins Coie's Double Identity
Drew Combs : The American Lawyer : May 19, 2013
In fits and starts, the Seattle-based firm saw the benefits of going national.
AP Subpoenas Spotlight Obama's Scrutiny of Press
Zoe Tillman and Mike Scarcella : The National Law Journal : May 17, 2013
The Obama administration's record on transparency once again faces criticism - this time from both Republicans and Democrats - following the revelation that the U.S. Department of Justice secretly obtained and reviewed Associated Press telephone records during a criminal investigation into a suspected leak of classified information.
Edwards Wildman Plans Istanbul Launch
Claire Zillman : The Am Law Daily : May 15, 2013
The firm is opening an office in the Turkish city to cater to clients in the region and to support the practice of private equity partner Ted Cominos, who joined the firm last year.
AP Subpoenas Spotlight Obama's Scrutiny of Press
Zoe Tillman and Mike Scarcella : The National Law Journal : May 14, 2013
The Obama administration's record on transparency once again faces criticism—this time from both Republicans and Democrats—following the revelation that the U.S. Department of Justice secretly obtained and reviewed Associated Press telephone records during a criminal investigation into a suspected leak of classified information.
AP Subpoenas Spotlight Obama's Scrutiny of Press
Zoe Tillman and Mike Scarcella : The National Law Journal : May 14, 2013
The Obama administration's record on transparency once again faces criticism—this time from both Republicans and Democrats—following the revelation that the U.S. Department of Justice secretly obtained and reviewed Associated Press telephone records during a criminal investigation into a suspected leak of classified information.
Calendar of Events
: New York Law Journal : May 10, 2013
Proskauer, Willkie Advise on Ares's AREA Property Buy
Brian Baxter : The Am Law Daily : May 10, 2013
Proskauer Rose's big week in the real estate space continued on Friday as the firm grabbed a role advising investment firm Ares Management on its bid to acquire AREA Property Partners's $6 billion in assets. Proskauer is also handling the $1 billion sale of two Manhattan skyscrapers, as well as a $220 million stadium naming rights agreement involving the National Football League's San Francisco 49ers.
Firms Use Apps to Burnish Their Brands
Julia Love : The Recorder : May 8, 2013
Clients looking to learn more about the anti-bribery and anti-corruption laws overseas don't need to track down their lawyers. They can just whip out their smartphones.
Law Firms Use Apps to Burnish Brands
Julia Love : The Recorder : May 8, 2013
Latham & Watkins is part of a small but growing number of players in Big Law to invade the app store, launching programs that anybody equipped with a smartphone or tablet can download for free.
The Churn: Lateral Moves in The Am Law 200
Diane Jeantet : The Am Law Daily : May 7, 2013
Edwards Wildman Palmer expands its newly launched Miami office; a Department of Justice lawyer joins Steptoe & Johnson in Washington, D.C.; and Chadbourne & Parke loses a project finance partner in New York. The Churn is constant. Please send all announcements to thechurn@alm.com.
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